going short USDCHF today. with a SL- .9001. no TP set yet. but hoping for it to make new lows. it agrees with the long term trend. and the price has hit a significant resistance. the trendline has seen many touches and is viable.

1. The MONTHLY chart shows that the long term momentum is bearish. a small rally upwards is now losing steam. small real bodies are visible.
2. The WEEKLY chart gives mixed signals. the recent rally is marked by a morning star however last week was a doji.
but the morning star hasn't failed or worked itself out yet.
3. The DAILY chart responded to the ...

i've decided to buy the eurusd here. an upward sloping trendline alongwith the touch of a major horizontal resistance that dates back years persuades me to buy. also, it agrees with the general momentum. the long term trend here is upwards and i think this is a good price to buy. the 4h timeframe shows a hammer and morning star formation very close to support. my ...

the bullish piercing pattern at the 1.0800 support accompanied by some trendlines i have made visible convince me to go long. moreover there is no major report regarding the pair coming out until thursday so fundamentals are unlikely to interfere. my stop is 10-20 pips below the low of the pattern. the target is at 1.103 (the most recent high). a trendline can be ...

good opportunity to short the euro here. major horizontal resistance level reached. the 4h showed considerable oppostion to the resistance. might wait for the ecb interest rate decision and us announcements today before making a move. a top at 3980 seems plausible. a target at horizontal support level 3790. an upward sloping trendline showed many touches. this ...

a right angled ascending triangle can easily be seen on the 1d chart. the upward sloping trendline was touched recently and a bearish engulfing pattern was formed. stop at 8780. first target at 8515 ie previous lows. however the break of this support can pose better targets. a bounce at this support should give us a signal to collect profits. however another ...

mid march and mid april lows form a trendline that was tested but not pierced yesterday. market bounced back at this trendline. 4h timeframe shows some good candlestick signals as well. waiting for today's announcements to be over might be a good idea before investing. target at 103.5 ie the high of mid march. a stop at 101.1 seems like a good idea. It gives a ...

The.8520 area has proved itself as a reliable support over the past few weeks and its plausibility shows if you go back in time as well. i am going long at 8530 where i can see a MORNING STAR pattern on the 4hr chart. i have my stop at 8500. a respectable target would be the previous high at 8750. any ideas or suggestions are welcome. :D